To those selling in these difficult times

Davesnave

On the market 10 months. SSTC three times!
Reduced 16% overall.
Lost count of viewings now, but about a dozen in last 3 months.
At least 3 couples want to buy; all are on the market too.
Have offer of -5% on table from one of these & have accepted, in principle.
Had cash offer last week from mad person who wanted another 15% off!

Not too excited or bothered about all this, as house is in good location & we don't dislike living here; We'd just prefer to be moving on. If we were younger, we'd certainly be tempted to take the place off the market.

Almost everyone in our area is being realistic about price & mid-range properties have been regularly flagged up as STC/Under offer on Rightmove but, like ours, they keep coming back again! Lack of FTBs & FTBs going wobbly is the biggest problem.

Glad to see some movement in our target relocation areas at last, but we're not in a hurry to buy again now. We have a small, independent income, so we can sit things out, rent where we want etc etc and we've kept somewhere to stash all our stuff in the meantime. We envisage buying in late 2009 or 2010, as going in at the very bottom won't be that important to us.

As you can see we haven't much to grumble about really, except that we originally tried to move in 2002/3, but ended up caring for an elderly relative who took a turn for the worse at that time. It's that relative's inheritance that keeps us afloat now though - swings & roundabouts.

evelio

My partner and I have both our flats under offer - average about 6 weeks on the market before offers. Offers are between 5-8% under asking price which seems fair. Fingers crossed we actually get to the contract exchange with the whole thing still intact - this is the part that worries me most

joshiesaunt

sstc twice since feb - had several viewings straight away in feb and sold within one week with 5% off asking price - that fell through as couldnt get mortgage and we put house back on in July. this time only had four viewings but luckily have accepted offer about 11% under asking price and fingers crossed its going through. good luck to all of us

SGE1

evelio wrote: »

My partner and I have both our flats under offer - average about 6 weeks on the market before offers. Offers are between 5-8% under asking price which seems fair. Fingers crossed we actually get to the contract exchange with the whole thing still intact - this is the part that worries me most

Are both these flats in London? And if so, where abouts? Central London, or further out?

Just trying to scope out how easy/difficult it is for people to sell in London!

pawpurrs

Had one more viewing booked in, keeping my fingers crossed, Good luck everyone. Its getting through to exchange I worry about.:rolleyes:

Get_Rich_Slow_2

Was priced around £2000 £3000 above average but (and I guess everyone says this about their property) it is in exceptional condition, was completely 'gutted' by us around 3.5 yrs ago, kept original features, was freshly redecorated prior to putting on market, bespoke kitchen and maybe the clincher windows are clean.
May help that I used to be a carpenter too!
Got contracts through this morning too, hoping to exchange in next week or 2!

pawpurrs wrote: »

That was lucky, well done! I take it you have accepted the offer then! Hope it all goes through smoothly for you. Wasit priced well?

evelio

SGE1 wrote: »

Are both these flats in London? And if so, where abouts? Central London, or further out?

Just trying to scope out how easy/difficult it is for people to sell in London!

Yes, one is in South East London.

Natty082

Been on 8 months..... two viewings in 1st month, no offers, nothing since. Dropped price 15% still nothing ........... Now renting it out

pawpurrs

Dave that is bad luck,hope it sorts itself out soon for you, its a pain when people pull out. I hope you get some success soon.
Chains seem to be a major problem at the moment.

Davesnave

pawpurrs wrote: »

Dave that is bad luck,hope it sorts itself out soon for you, its a pain when people pull out. I hope you get some success soon.
Chains seem to be a major problem at the moment.

Thanks. Yes, it is a very odd situation, having something that people want to buy, but none of them able to proceed. This is still better than a situation of having no interest at all, and I feel for those in that position.